Question 1

The Harrod-Domar growth model suggests that growth is

Accepted Answer

A) directly related to savings and inversely related to the capital/output ratio. 
B) directly related to the capital/output ratio and inversely related to savings. 
C) indirectly related to savings and the capital/output ratio. 
D) directly related to savings and the capital/output ratio 
A) directly related to savings and inversely related to the capital/output ratio. 
B) directly related to the capital/output ratio and inversely related to savings. 
C) indirectly related to savings and the capital/output ratio. 
D) directly related to savings and the capital/output ratio D

Question 2

Which of the following explains the term economic growth?

Accepted Answer

A) increase in per capita production 
B) increase in per capita real income 
C) structural change in the economy 
D) all the above are right 
A) increase in per capita production 
B) increase in per capita real income 
C) structural change in the economy 
D) all the above are right D

Question 3

India's First Five Year Plan was based on:

Accepted Answer

A) mahalanobis model 
B) feldman model 
C) harrod-domar model 
D) leontief model 
A) mahalanobis model 
B) feldman model 
C) harrod-domar model 
D) leontief model C

Question 4

The stationary state as envisaged by Adam Smith, is marked by:

Accepted Answer

A) low rate of profit 
B) subsistence level wages 
C) high rents 
D) all of the above 
A) low rate of profit 
B) subsistence level wages 
C) high rents 
D) all of the above

Question 5

The concept of economic growth is:

Accepted Answer

A) identical with the concept of economic development 
B) narrower than the concept of economic development 
C) wider as compared to that of economic development 
D) unrelated to the concept of economic development 
A) identical with the concept of economic development 
B) narrower than the concept of economic development 
C) wider as compared to that of economic development 
D) unrelated to the concept of economic development

Question 6

Which growth model inspired the use of capital-output ratio for development planning?

Accepted Answer

A) the harrod-domar model 
B) solow's model 
C) kaldor's model 
D) feldman's model 
A) the harrod-domar model 
B) solow's model 
C) kaldor's model 
D) feldman's model

Question 7

With economic growth, the proportion of labour-force engaged in agriculture:

Accepted Answer

A) increases 
B) decreases 
C) remains unaffected 
D) changes in an uncertain manner 
A) increases 
B) decreases 
C) remains unaffected 
D) changes in an uncertain manner

Question 8

Identify the model which is concerned with the 'golden age' equilibrium:

Accepted Answer

A) kaldor model 
B) joan robinson model 
C) keynesian model 
D) domar model 
A) kaldor model 
B) joan robinson model 
C) keynesian model 
D) domar model

Question 9

The Human Development Index (HDI) summarizes a great deal of social performance in asingle composite index, combining

Accepted Answer

A) disparity reduction rate, human resource development rate and the composite index. 
B) longevity, education and living standard. 
C) minimum schooling, adult literacy and tertiary educational attainment. 
D) human resource training, development and r&d. 
A) disparity reduction rate, human resource development rate and the composite index. 
B) longevity, education and living standard. 
C) minimum schooling, adult literacy and tertiary educational attainment. 
D) human resource training, development and r&d.

Question 10

A value of 1 in Gini index represents

Accepted Answer

A) low inequality. 
B) maximum inequality. 
C) 100% inequality. 
D) 1% inequality. 
A) low inequality. 
B) maximum inequality. 
C) 100% inequality. 
D) 1% inequality.

Question 11

Which of the following models makes the assumption of constant saving-income ratio?

Accepted Answer

A) kaldor model 
B) leontief model 
C) harrod-domar model 
D) joan robinson model 
A) kaldor model 
B) leontief model 
C) harrod-domar model 
D) joan robinson model

Question 12

A graphical technique that can be used to show the degree of inequality that exists between two variables is the:

Accepted Answer

A) lorenz curve 
B) median-line bar graph 
C) kuznets curve 
D) semantic differential profile 
A) lorenz curve 
B) median-line bar graph 
C) kuznets curve 
D) semantic differential profile

Question 13

As economic development proceeds, income inequality tends to follow a(n) __________ curve

Accepted Answer

A) convex. 
B) inverted u-shaped. 
C) l-shaped. 
D) s-shaped. 
A) convex. 
B) inverted u-shaped. 
C) l-shaped. 
D) s-shaped.

Question 14

An underdeveloped economy is characterized by

Accepted Answer

A) high per capita real income 
B) large proportion of labour force in the tertiary sector 
C) state of deprivation of large proportion of population 
D) all the above 
A) high per capita real income 
B) large proportion of labour force in the tertiary sector 
C) state of deprivation of large proportion of population 
D) all the above

Question 15

Economic development refers to

Accepted Answer

A) economic growth. 
B) economic growth plus changes in output distribution and economic structure. 
C) improvement in the well-being of the urban population. 
D) sustainable increases in gross national product. 
A) economic growth. 
B) economic growth plus changes in output distribution and economic structure. 
C) improvement in the well-being of the urban population. 
D) sustainable increases in gross national product.

Question 16

Economic growth can be seen by an outward shift of:

Accepted Answer

A) the production possibility frontier 
B) the gross domestic barrier 
C) the marginal consumption frontier 
D) the minimum efficient scale 
A) the production possibility frontier 
B) the gross domestic barrier 
C) the marginal consumption frontier 
D) the minimum efficient scale

Question 17

The Gini coefficient is a technique frequently used to show:

Accepted Answer

A) variations in life expectancy 
B) income inequality 
C) differences in infant mortality 
D) the education gap 
A) variations in life expectancy 
B) income inequality 
C) differences in infant mortality 
D) the education gap

Question 18

Rostow's economic stages are

Accepted Answer

A) the preconditions for take-off, the take-off, the drive to maturity, and the age of creative destruction. 
B) the traditional society, the preconditions for take-off, the take-off, the drive to maturity, and the age of high mass consumption. 
C) the preconditions for consumption, the replication, the drive to maturity, and the age of high mass consumption. 
D) the learning curve, the age of high mass consumption, post-take-off, and the drive to maturity. 
A) the preconditions for take-off, the take-off, the drive to maturity, and the age of creative destruction. 
B) the traditional society, the preconditions for take-off, the take-off, the drive to maturity, and the age of high mass consumption. 
C) the preconditions for consumption, the replication, the drive to maturity, and the age of high mass consumption. 
D) the learning curve, the age of high mass consumption, post-take-off, and the drive to maturity.

Question 19

The Lorenz curve shows

Accepted Answer

A) patterns of poverty between developed and developing countries. 
B) the change in gdp per capita over time. 
C) the poorest's income shares fall in the early stages of growth. 
D) income concentration relative to a 45-degree line. 
A) patterns of poverty between developed and developing countries. 
B) the change in gdp per capita over time. 
C) the poorest's income shares fall in the early stages of growth. 
D) income concentration relative to a 45-degree line.

Question 20

Which of the following explains the term economic development?

Accepted Answer

A) improvement in the technology involved 
B) improvement in production 
C) improvement in distribution system 
D) all the above 
A) improvement in the technology involved 
B) improvement in production 
C) improvement in distribution system 
D) all the above

The Harrod-Domar growth model suggests that growth is

Which of the following explains the term economic growth?

India's First Five Year Plan was based on:

The stationary state as envisaged by Adam Smith, is marked by:

The concept of economic growth is:

Which growth model inspired the use of capital-output ratio for development planning?

With economic growth, the proportion of labour-force engaged in agriculture:

Identify the model which is concerned with the 'golden age' equilibrium:

The Human Development Index (HDI) summarizes a great deal of social performance in asingle composite index, combining

A value of 1 in Gini index represents

Which of the following models makes the assumption of constant saving-income ratio?

A graphical technique that can be used to show the degree of inequality that exists between two variables is the:

As economic development proceeds, income inequality tends to follow a(n) __________ curve

An underdeveloped economy is characterized by

Economic development refers to

Economic growth can be seen by an outward shift of:

The Gini coefficient is a technique frequently used to show:

Rostow's economic stages are

The Lorenz curve shows

Which of the following explains the term economic development?

Economic Development and Poverty Measurement Models

Economic Growth Models and Dualisms

Characteristics, Theories, and Strategies in Economic Development

Filters

Exam 1: Understanding Economic Development and Growth: Exploring Indicators, Models, and Concepts

The Harrod-Domar growth model suggests that growth is

Which of the following explains the term economic growth?

India's First Five Year Plan was based on:

The stationary state as envisaged by Adam Smith, is marked by:

The concept of economic growth is:

Which growth model inspired the use of capital-output ratio for development planning?

With economic growth, the proportion of labour-force engaged in agriculture:

Identify the model which is concerned with the 'golden age' equilibrium:

The Human Development Index (HDI) summarizes a great deal of social performance in asingle composite index, combining

A value of 1 in Gini index represents

Which of the following models makes the assumption of constant saving-income ratio?

A graphical technique that can be used to show the degree of inequality that exists between two variables is the:

As economic development proceeds, income inequality tends to follow a(n) __________ curve

An underdeveloped economy is characterized by

Economic development refers to

Economic growth can be seen by an outward shift of:

The Gini coefficient is a technique frequently used to show:

Rostow's economic stages are

The Lorenz curve shows

Which of the following explains the term economic development?

Economic Development and Poverty Measurement Models

Economic Growth Models and Dualisms

Characteristics, Theories, and Strategies in Economic Development

Filters